Does T-Mobile charge a late payment fee?

Are banks allowed to charge you a late payment fee when it has agreed to defer your repayments for a set term?

• I have a personal loan with a bank. I am obligated to make monthly repayments on this loan. On my request, the bank agreed to defer my repayments for several months. I was charged late payment fees for each of these months. I was not informed that I would be charged these fees. I was, however, aware that missing a payment incurs a late payment fee. I am wondering, is the bank allowed to charge me 'late payment' fees for missing a payment date, for a payment I was not obligated to make? Also, is the bank required to inform me that the agreement I entered into, ie for the payments to be deferred, would require me to pay late payment fees?

• Answer:

  NO! THEY CANNOT DO THAT! i have three student loans. i deferred payments on the first two for six months each at first and then three months again later on. they cannot and should not charge a late fee. call or visit the bank asap and speak with a rep. they will most likely waive them. dont pay them.